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2024 Update: Local governments are closing the financial gap for affordable housing developments

Community and Economic Development Program of UNC

Earlier this month, DFI examined how local governments in North Carolina have stepped in to make new affordable housing construction economically viable after a historic increase in construction costs and elevated interest rates. In August, the North Carolina Housing Finance Agency (NCHFA) released the latest funding awards for 2024.

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Quote on housing that's very apt: "As demand for housing rises, Philadelphia’s neighborhoods can either remain affordable or remain low-density. They cannot do both"

Rebuilding Place in Urban Space

It's relevant to both strong and weak markets, because even in weak markets, there probably isn't enough housing. I think back in the day when the center city downtown was so thriving, it was close enough to the west side that there wasn't a big push to develop retail districts there. This is true everywhere, not just in Philadelphia.

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CED and Affordable Housing: How Does Manufactured Housing Fit In?

Community and Economic Development Program of UNC

Housing is a basic issue for anyone interested in CED. Behind the headline are a host of issues that both foster hope in how to address affordable housing needs and the realization of the many steps it may take to get there. in 2021 is $124,400 (average of single and double-wide, not including land).

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Recent Trends in Real Estate Development: Fall 2023

Community and Economic Development Program of UNC

This blog post is the first in a regular series aimed at informing local government partners about current conditions facing private developers and development projects in their communities. In 2021, for example, a developer able to secure a $5 million loan with 3.5% link] [2] Source: National Multifamily Housing Council.

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Developing Housing in Coastal Delaware

First State Insights

Preston Schell, co-founder and President of the Ocean Atlantic Companies, speaks with Sean O'Neill, Policy Scientist at the University of Delaware’s Institute for Public Administration (IPA), about the housing market in southern Delaware. Listen to episodes in the series at soundcloud.com/first-state-insights/sets/emerging-development-trends.

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Implications and Geography of Office to Housing Conversions

The Stoop (NYU Furman Center)

Office to residential conversions are a once-in-a-generation opportunity to provide affordable housing in New York City. In their “ Making New York Work for Everyone ” plan, released in January, Mayor Adams and Governor Hochul expressed eagerness to build more housing in New York City’s business districts after COVID.

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How changes to Fair Market Rent affects access to affordable housing for extremely low-income renters

Community and Economic Development Program of UNC

Housing Choice Vouchers are a critical source of funding for North Carolina’s lowest income renters to access affordable housing. 1] The program works by requiring voucher holders to pay a third of their income, while HUD covers the remaining portion of the housing costs.

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